What numerators are used in the computation of the following ratios? Inventory turnover ratio Accounts receivable turnover ratio
a.
Cost of Goods Sold Cost of Goods Sold
b.
Net Credit Sales Net Credit Sales
c.
Net Credit Sales Cost of Goods Sold
d.
Cost of Goods Sold Net Credit Sales
d
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The proportion of an overhead activity consumed by a product is the consumption ratio
Indicate whether the statement is true or false
Benjamin Company had the following results of operations for the past year: Sales (16,000 units at $10) $160,000 Direct materials and direct labor$96,000 Overhead (20% variable) 16,000 Selling and administrative expenses (all fixed) 32,000 (144,000) Operating income $16,000 A foreign company offers to buy 4,000 units at $7.50 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $600 and selling and administrative costs by $300. Assuming Benjamin's productive capacity is 16,000 units per year and it accepts the offer, its profits will:
A. Increase by $4,300. B. Decrease by $6,000. C. Decrease by $10,000. D. Increase by $9,100. E. Decrease by $10,900.
Texas Instruments teaches ethics to its employees. They include all levels of the organization in the exchange of knowledge and auditing of behaviors. This is a good example of a(n) ________ ethics program.
A. conformance-based B. compliance-based C. integrity-based D. behavioral-based
What is the operations and supply chain function responsible for in each of the product development phases?
What will be an ideal response?